Hines Acquires Industrial Property At 1220 Us Route 301 In Tampa For $46M
SOLD
$46,000,000
Florida
See Similar DealsIndustrial1,300,000 SF
Sold 10/02/2023
SOLD
Hines Acquires Industrial Property At 1220 Us Route 301 In Tampa For $46M
1220 Us Route 301
See Similar DealsIndustrial1,300,000 SF
Sold 10/02/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$35
Total Square Footage:1,300,000 SF
Transaction Type:Sale
A 390,711 square foot industrial property located at 1220 Us Route 301 in Tampa has been sold for $46,000,000. The property was purchased by Hines from High Street Logistics Properties. The sale price equates to a price per square foot of $118.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $46,000,000
- SF: 390,711
- PPSF: $118
- Address: 1220 Us Route 301, Tampa
The transaction was facilitated by the brokers Mike Davis, Rick Brugge, Rick Colon, Chloe Strada, and Dominic Montazemi of Cushman & Wakefield.
Players
BROKERAGE
BUYER
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,453,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$163,428.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$218,063.47
Annual Debt Service$2,616,761.62
Is there something missing? Send suggestions
